{"id":4423,"date":"2026-10-22T17:00:00","date_gmt":"2026-10-22T17:00:00","guid":{"rendered":"https:\/\/www.neashaminsuranceagency.com\/blog\/?p=4423"},"modified":"2026-10-22T17:00:00","modified_gmt":"2026-10-22T17:00:00","slug":"annuities-change-social-security-tax-planning","status":"publish","type":"post","link":"https:\/\/www.neashaminsuranceagency.com\/blog\/2026\/10\/22\/annuities-change-social-security-tax-planning\/","title":{"rendered":"Annuities Change Social Security Tax Planning"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\" src=\"https:\/\/www.roomvu.com\/agent\/embed\/glenn-neasham\/private-workers-pension-remotion-videos-a6c8\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>After more than 30 years helping clients navigate annuities at Neasham Insurance Agency, I&#039;ve seen how these products can reshape Social Security tax strategy for retirees. With only 14% of private workers in the US still holding a pension, many are now turning to annuities for dependable, lifelong income. One important distinction: before reaching full retirement age, the federal earnings test only counts wages and self-employment income\u2014so annuities, pensions, interest, and dividends aren&#039;t subject to benefit withholding. For example, a $30,000 annual annuity avoids the withholding that would reduce Social Security benefits by around $2,800 if earned as wages. However, it\u2019s essential to note that the taxable portion of every annuity payment is included in your combined income, which may impact how much of your federal benefits are taxable. The numbers to keep an eye on: annual annuity income, its taxable share, all other income, and your annual benefits. The type of account and timing of withdrawals can also affect your tax picture for years. These are the kinds of details we focus on, making sure your income plan fits your retirement goals.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>After more than 30 years helping clients navigate annuities at Neasham Insurance Agency, I&#039;ve seen how these products can reshape Social Security tax strategy for retirees. With only 14% of private workers in the US still holding a pension, many are now turning to annuities for dependable, lifelong income. One important distinction: before reaching full [&hellip;]<\/p>\n","protected":false},"author":288,"featured_media":4424,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4423","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.neashaminsuranceagency.com\/blog\/wp-json\/wp\/v2\/posts\/4423","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.neashaminsuranceagency.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.neashaminsuranceagency.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.neashaminsuranceagency.com\/blog\/wp-json\/wp\/v2\/users\/288"}],"replies":[{"embeddable":true,"href":"https:\/\/www.neashaminsuranceagency.com\/blog\/wp-json\/wp\/v2\/comments?post=4423"}],"version-history":[{"count":1,"href":"https:\/\/www.neashaminsuranceagency.com\/blog\/wp-json\/wp\/v2\/posts\/4423\/revisions"}],"predecessor-version":[{"id":4596,"href":"https:\/\/www.neashaminsuranceagency.com\/blog\/wp-json\/wp\/v2\/posts\/4423\/revisions\/4596"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.neashaminsuranceagency.com\/blog\/wp-json\/wp\/v2\/media\/4424"}],"wp:attachment":[{"href":"https:\/\/www.neashaminsuranceagency.com\/blog\/wp-json\/wp\/v2\/media?parent=4423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.neashaminsuranceagency.com\/blog\/wp-json\/wp\/v2\/categories?post=4423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.neashaminsuranceagency.com\/blog\/wp-json\/wp\/v2\/tags?post=4423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}